QT IMAGING HOLDINGS INC
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
QTI$2.29+12.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
| Year EndedDecember 31,2023 | Year EndedDecember 31,2022 | |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net loss | $(4,024,591) | $(2,774,307) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Change in fair value of warrant liability and related party note | (14,953) | (384,108) |
| Interest earned on cash and marketable securities held in Trust Account | (1,526,860) | (1,630,398) |
| Amortization on debt discount on note payable to related party | 219,686 | 17,914 |
| Change in operating assets and liabilities: | ||
| Prepaid expenses and other current assets | 78,500 | 567,733 |
| Other long-term assets | — | 165,230 |
| Payable to related parties | 829,314 | 708,704 |
| Accounts payable | 572,551 | 166,964 |
| Accrued legal fees | 1,342,963 | 1,931,891 |
| Accrued liabilities | 588,145 | (117,411) |
| Other current liabilities | (8,859) | 86,238 |
| Net cash used in operating activities | (1,944,104) | (1,261,550) |
| INVESTING ACTIVITIES | ||
| Investment of cash in Trust Account, net | (920,000) | (640,000) |
| Cash withdrawn from Trust Account | 20,839,611 | 192,881,509 |
| Net cash provided by investing activities | 19,919,611 | 192,241,509 |
| FINANCING ACTIVITIES | ||
| Borrowings from related parties | 986,360 | 640,000 |
| Borrowings from related parties at fair value | 1,240,000 | 260,000 |
| Redemption of Public Units | (20,277,625) | (192,138,312) |
| Payment of offering costs | — | (85,000) |
| Net cash used in financing activities | (18,051,265) | (191,323,312) |
| Net decrease in cash during period | (75,758) | (343,353) |
| Cash, beginning of period | 78,196 | 421,549 |
| Cash, end of period | $2,438 | $78,196 |
| SUPPLEMENTAL DISCLOSURES | ||
| Cash paid for income taxes | $427,977 | $400,377 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES | ||
| Change in value of common stock subject to possible redemption | $1,893,733 | $1,440,963 |
| Excise tax liability accrued for stock redemptions | $202,341 | $— |
| Waiver of deferred underwriting fees | $6,440,000 | $— |
| Debt discount on note payable to related party | $245,253 | $54,034 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.